AUSSIE-YEN: AUD/JPY has dropped 16 pips thus far.....>

AUSSIE-YEN: AUD/JPY has dropped 16 pips thus far and last deals at Y79.80.

Higher than expected increase in Aussie employment might have helped the rate

climb to session high at Y80.21 earlier in the Asia-Pac session. However,

initial gains were pared, and AUD sits well towards the lower end of the G10

pile. Meanwhile, JPY outperforms, lifted by souring risk sentiment, with the

Nikkei 225 (last ~2.5% lower) touching the lowest levels since March. U.S.

stocks are also poised to start on the back foot at writing. 

- BoJ MonPol decision brought no changes to the policy rate and entailed no

apparent market reaction. 

- Bears eye yesterday's low of Y79.56 before attempting a fall through Y79.50

representing the Oct 18 low. Conversely, bulls look for a break above

yesterday's high at Y81.02, which would bring the 100-DMA at Y81.12 into focus.